Geopolitical cooling has led to a pullback in crude oil, with Bitget BZ contract open interest increasing by over 28% in 24 hours, ranking second across the entire network

By: rootdata|2026/05/20 04:45:01

Due to the phased cooling of the geopolitical situation in the Middle East, international crude oil prices have fallen. According to Bitget market data, Brent crude oil (BZ) is currently priced at $109 per barrel, down 2.53% for the day. The market's long and short positions are intensifying, driving up trading activity in related contract markets.

According to CoinGlass data, the current total open interest for BZ contracts across the network has reached $67.9316 million. Among centralized exchanges, Binance, Bitget, and OKX rank in the top three for open interest, with $46.9913 million, $8.3424 million, and $5.6461 million, respectively. Notably, Bitget's platform has seen a 24-hour open interest growth rate of 28.32%, leading the entire network.

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